Brookdale Senior Living (BKD) Annouces 11M Common Offering from Selling Stockholders
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Brookdale Senior Living Inc. (NYSE: BKD) announced today that certain funds managed by affiliates of Fortress Investment Group LLC intend to offer in an underwritten offering 11,000,000 shares of the Company's common stock. The Fortress stockholders are also expected to grant the underwriter a 30-day option to purchase up to 1,100,000 additional common shares.
The Company will not sell any shares in the offering and will not receive any of the proceeds from the offering.
The offering is being made pursuant to a shelf registration statement filed with the Securities and Exchange Commission, which became effective on May 22, 2009. A preliminary prospectus supplement relating to the offering has been filed with the Securities and Exchange Commission.
BofA Merrill Lynch will act as sole book-running manager for the offering.
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